The 12.800 has being retested and with very little volumes going to that direction.
There's the potential for a sell-off. The ratio reward/risk it's pretty high since we are close to 12.800 and a good stop loss would be 12.900 - 13.000, while it could go down for much more.
We can clearly see that soybean has jumped the previous low of 867.
Could be a good time to put a long. It is a good position with a good profit over risk. The risk is if it drops 865, therefore it's a minimal risk, while if it is going to go up it will give a good profit.
For who followed me so far in Vipshop.
So far we had a bullish trend as I had suggested time ago.
Now we are still in a downtrend, but the pace is changing. This could be a sign that something changed.
We had a big sell off this monday, almost at the point I said, 12.50 (but it reached 12.63).
Then the price pushed off but the resistance of 13.25 is strong and is pushing back. Selling at 13.20 is a good position,. So far the trend is still bearish and there's no signal of reverse
As suggested in the last post it was a good idea to put a sell position.
On friday the volume was pretty low. Still the price went down. This meant that there were few sellers and even less buyers.
Still the low volume means that many holders are not concerned about the price dropping.
I closed my sell position on friday due to the quite low volume. There...
It could be a good time to sell. We are in a downtrend. I wouldn't say a bearish. Though I expect the trend to continue for a while. Many previous lows in the uptrend have been broken.
I expect a good position with take profit at 12.50 , stop loss at 14.20.
Note: this is only my opinion. Don't take it for sure , I could be wrong.
As I previously published it wa expected this little retracement. Now we are testing the blue trend line.
IF it bounces back it's time to buy
If it drops it it's time to sell
tesla it's rallying non- stop. Everyone is excited of buying. Charts apart, Tesla Cybertruck and all the news about Elon Musk. The average investor is not looking to the charts or if the price is too high. And watching the chart behaviour you could realize there are many of such investors. Seeing such speed in the tesla rally I expect many more investors will buy...
For now all the lows are increasing and we don't have any low that falled with respect any previous low. Also the volumes in selling times are always smaller and preceeded by higher buying volumes.
When we can see a clear day with a selling volume higher than previous buying volume that could be one signal. To be more sure we need to see which new highs and...
Now we have two situations going on:
1) it is going to be a reversal, and it will be time to sell
2) It isn't in reversal:
2.1) if it breaks the 15 heavily it is still in bullish
2.2) else it is in a stationary moment.
